Famous, then you were born ten years later and thats where goldie. I knew her well from all shoo hes on it since then. Im not going to bring up laugh in considering the Hawn Foundation is doing brain and meditation reseven. Shes come a long way. Her son. Oliver. Havent met the daughter. I know the son you probably wish you knew the daughter. Ive known you long enough. Before we get to all of that we have a roundup of this mornings top stories. Chinas lenovo is buying the low end service for 2. 3 billion. Ebay is pushing back at carl icahn, the activist investor has taken a stake in the company and proposing a spinoff of its paypal division. But ebay rebuffed the overture arguing that the unit would lose synergies with the overall ecommerce business. Ebay reported Quarterly Results yesterday with earnings beating the street by a penny. Shares of netflix soaring after the Company Announced it added more than 2. 3 million u. S. Customers in the Fourth Quarter. Netflix says it is testing d
Losing streak, but we have some breaking news on sac capital. This, of course, is the eye wantic hedge fund that has been embattled by both the sec and federal prosecutors. Dow jones is reporting there may be a settlement for Insider Trading charges. All kinds of charges have swirled around this country along with accusations of failing to supervise. Were going to have more in just a minute from Charlie Gasparino whos working on this story, but it appears there could more than a 1 billion settlement to settle all of these charges that have beleaguered sac capital. Lets get back to the markets, Home Builders leading the s p 500 higher for a couple of reasons. Lennar, kb home all up after lennar and kb posted better than expected quarterly earnings, and separately this is sort of the big data story here, and you just heard ashley and tracy talking about this, the chase shiller in caseshiller index did look to show that once again we have home prices that are continuing to rise. For the m
Substantial. The nasdaq composite is up half of 1 . The swing is not even 100 points. We started off in the red and now we are in the green. We got in home prices that rose the fastest in seven years. This group is doing really well. Kb homes up 7. 7 . We saw double digit Revenue Growth for kb homes. Back to you. Lori thank you, nicole. Gaining 12. 4 from a year ago. There are some concerns about the home price gains peaking. Adam news alert for you, Eric Schneiderman seeking the help of washington, d. C. To help prevent highfrequency traders from getting information earlier than the rest. They paid thompson and reuters for that information. Speaking at the bloomberg market, the attorney general had this to say. We are seeing something far more insidious than insider trading. Small coop of powerful groups inside the market are able to use soon to be Public Information combined with highfrequency trading. Adam he says regulators face several challenges tracking and preventing these. He
Japan and france. Carlos finish. [inaudible] of Nissan Renault on the sudden spike at the end of last year on his electric vehicle sales. All that and much more coming up. Cheryl, ill send it back to you. Cheryl back here in new york were watching netflix, not its movies, but its surging shares after its blockbuster earnings report. Can Ceo Reed Hastings continue to thrill investors and customers alike . And a window into microsofts earnings. Sales of phones that run on Microsofts Windows operating system actually fell during the holiday season. Will it hurt microsofts earnings when it reports after the bell . Countdown to thecountdown to t starts right now. Cheryl and im Cheryl Casone in for liz claman who, as you just heard, is speaking to some of the biggest names in davos. We are going to hear some of the interviews in just a moment. Its the last hour of trading, and its a brutal day today. The dow falling by more than 200 points, its biggest intraday fall since the 244point drop o
That doesnt show good news for the economy and the like. The fear index has been to the upside, you have seen that and investments to protect against this type of Global Economy or global action. And then you start to see gold, for example, gaining throughout the day. The 10year treasury bond, the yield has been falling throughout the day. Now 2. 87 . Back to you. Dagen thank you, nicole be at the company is getting hammered on new calls for an investigation. A democrat from massachusetts sent a letter to the fec and ftc asking those agencies to look into the Companies Business practices. He is making that request because he says some of his constituents have lost thousands of dollars after they signed up to become herbalife distributors. The most prominent lawmaker so far to call for action against herbalife, and it comes more than a year after activist investor bill ackman first called herbalife a pyramid scheme. Herbalife is responding telling fox business we look forward to an oppo